151 Shares in Cavco Industries, Inc. (NASDAQ:CVCO) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 151 shares of the construction company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Cavco Industries by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock worth $4,066,000 after purchasing an additional 37 shares during the period. Avior Wealth Management LLC acquired a new stake in Cavco Industries in the third quarter worth $64,000. Intech Investment Management LLC lifted its stake in Cavco Industries by 182.3% in the third quarter. Intech Investment Management LLC now owns 2,174 shares of the construction company’s stock valued at $931,000 after buying an additional 1,404 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Cavco Industries by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company’s stock valued at $46,872,000 after buying an additional 5,935 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of Cavco Industries by 61.9% during the third quarter. Citigroup Inc. now owns 16,228 shares of the construction company’s stock worth $6,949,000 after acquiring an additional 6,203 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the transaction, the director now owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. This represents a 20.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the sale, the director now directly owns 15,286 shares of the company’s stock, valued at approximately $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,644 shares of company stock worth $4,494,608. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Wedbush reiterated a “neutral” rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Stock Performance

Shares of CVCO opened at $512.89 on Monday. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The stock’s fifty day moving average is $507.60 and its 200-day moving average is $470.86. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 25.24 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. Analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

About Cavco Industries

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.